Marathon Digital Holdings, Inc. (NASDAQ:MARA) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 14.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,120,035 shares of the business services provider's stock after acquiring an additional 140,273 shares during the quarter. Deutsche Bank AG owned approximately 0.32% of Marathon Digital worth $12,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in Marathon Digital by 46.3% during the fourth quarter. Wells Fargo & Company MN now owns 239,195 shares of the business services provider's stock worth $4,011,000 after acquiring an additional 75,668 shares during the period. Federated Hermes Inc. purchased a new position in shares of Marathon Digital in the 4th quarter worth about $364,000. Raymond James Financial Inc. purchased a new position in shares of Marathon Digital in the 4th quarter worth about $1,408,000. Sterling Capital Management LLC boosted its holdings in Marathon Digital by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock valued at $31,000 after acquiring an additional 1,426 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in Marathon Digital during the 4th quarter valued at about $311,000. Institutional investors and hedge funds own 44.53% of the company's stock.

Analysts Set New Price Targets

MARA has been the subject of several research analyst reports. HC Wainwright reiterated a "buy" rating and issued a $28.00 price objective on shares of Marathon Digital in a report on Thursday, April 24th. Compass Point raised Marathon Digital from a "sell" rating to a "neutral" rating and raised their price objective for the company from $9.50 to $18.00 in a research report on Friday, July 25th. Cantor Fitzgerald increased their target price on Marathon Digital from $34.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. upgraded Marathon Digital from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $19.00 to $22.00 in a research report on Monday, July 28th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of Marathon Digital in a report on Wednesday, July 30th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.22.

Marathon Digital Stock Down 0.5%

Shares of NASDAQ:MARA traded down $0.08 during trading on Friday, hitting $15.67. The company's stock had a trading volume of 37,051,771 shares, compared to its average volume of 43,152,496. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54. The business has a 50 day moving average price of $16.60 and a two-hundred day moving average price of $15.11. The company has a market capitalization of $5.81 billion, a PE ratio of 14.12 and a beta of 6.24. Marathon Digital Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $2.13. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The firm had revenue of $238.50 million during the quarter, compared to analysts' expectations of $212.25 million. During the same period in the prior year, the company posted ($0.72) earnings per share. The firm's revenue for the quarter was up 64.0% on a year-over-year basis. As a group, research analysts expect that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $19.52, for a total transaction of $536,897.60. Following the transaction, the chief executive officer owned 3,946,504 shares of the company's stock, valued at $77,035,758.08. This trade represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 34,732 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $19.05, for a total transaction of $661,644.60. Following the transaction, the chief financial officer directly owned 324,572 shares in the company, valued at approximately $6,183,096.60. This represents a 9.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,475 shares of company stock worth $2,219,517. 0.80% of the stock is owned by company insiders.

Marathon Digital Company Profile

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.